Granada Media Posts a Profit,
Says Advertising Revenue Rose

LONDON -- Granada Media PLC reported full-year profit at the lower end of expectations, but it said there had been a recent increase in advertising and audience share for its ITV network stations.

Operating profit rose to 253 million pounds (418.7 million euros), compared with analyst forecasts of 250 million pounds to 273 million pounds, rising 8% on its pro forma figure of 235 million pounds for the year to Sept. 30, 1999. The full-year results were Granada Media's first since Granada Group separated its media and...